FT 3200 units target stocks of alternative energy companies

By Toni Weeks

San Diego, Nov. 2 - FT 3200 has registered units of its series 19 Alternative Energy Portfolio, according to an S-6 amendment filed with the Securities and Exchange Commission.

The depositor is Wheaton, Ill.-based First Trust Portfolios LP.

The trust seeks to provide above-average capital appreciation by investing in a diversified portfolio of common stocks of companies that provide alternative energy sources such as solar energy, biofuels and hybrid and electric vehicles.

On the initial date of deposit, Nov. 1, the trust was represented by $170,530 in purchase contracts, consisting of 17,225 units with a public offering price of $10.00 and a net asset value of $9.576 each.

The estimated net annual distribution per unit for the first year is $0.107 per unit.

The units each carry a maximum sales charge of $0.395, consisting of an initial sales charge of $0.1, a deferred sales charge of $0.245 and a creation and development fee of $0.05. The maximum fee for unit purchasers of $50,000 or more is 3.7%, and the sales charge decreases on a sliding scale to 2.45% for investments of $1 million or more.

The trust has a mandatory termination date of Nov. 4, 2013.

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